Damircudic | E+ | Getty Images The number of federal student loan borrowers with six-figure debts is on the rise. In the second quarter of 2024, 2.4 million borrowers carried a federal student loan balance between $100,000 and $200,000, up from 1.8 million people who owed that much during the same period in 2017, according
Month: July 2024
A McDonald’s restaurant is viewed on July 22, 2024 in Burbank, California. Mario Tama | Getty Images McDonald’s is expected to report second-quarter earnings before the bell on Monday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per share: $3.07 expected Revenue: $6.61 billion expected The burger chain’s
In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT McDonald’s fast food restaurant in Manhattan, New York, United States of America, on July 6th, 2024. Beata Zawrzel | Nurphoto | Getty Images After a challenging second quarter, McDonald’s executives told restaurant operators and analysts they are refocusing on how to recapture consumers with deals,
Asian businessman drinking in a luxury car. Weiquan Lin | Moment | Getty Images China’s ultra-wealthy population — people with a net worth of at least $30 million — is expected to increase by almost 50% in a few years, according to projections in a recent Knight Frank wealth report. At a time when China’s
Pavlo Gonchar | Lightrocket | Getty Images The new CEO at Vanguard said Monday that the asset management giant could lean on artificial intelligence as it looks to improve its customer service experience. Vanguard, which built its reputation as a low-cost and investor-friendly brokerage firm, has seen criticism about its customer service in recent years.
Former President and 2024 Republican presidential candidate Donald Trump gestures while giving a keynote speech on the third day of the Bitcoin 2024 conference in Nashville, Tennessee on July 27, 2024. Jon Cherry | Getty Images News | Getty Images With the price of bitcoin hovering around $70,000 again, experts have tax advice for new
Valentinrussanov | E+ | Getty Images The Federal Reserve is poised to make the first interest rate cut in years this fall, which can influence mortgage rates to go down. Even small cuts in interest rates could make a meaningful difference in what a homebuyer will pay. To that point, people in the market to
In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT A McDonald’s Big Mac meal. Lauren Decicca | Getty Images McDonald’s executives acknowledged Monday that diners consider the company’s prices too high as lower-income consumers balk after years of high inflation. During the company’s second-quarter earnings call Monday, executives said that they are taking a
In this article F GM STLA Follow your favorite stocksCREATE FREE ACCOUNT New Jeep vehicles sit on a Dodge Chrysler-Jeep Ram dealership’s lot on October 03, 2023 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images DETROIT – The last time shares of Ford Motor dropped by more than 18% in a
Thomas Barwick | Digitalvision | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Family offices are increasingly offering lucrative shares of equity and deal profits to staff
Commuters sit in traffic on southbound Interstate 5 during the afternoon commute heading into downtown San Diego on March 12, 2024 in San Diego, California. Kevin Carter | Getty Images Young professionals may be falling back in love with the nine-to-five aesthetic — known as “corpcore” — but few are logging the hours at the
A view of flooded streets after 24 hours of continuous heavy rain over Fort Myers, Florida, United States on June 13, 2024. Anadolu | Anadolu | Getty Images Consumers preparing to renew their homeowners insurance policy may experience some unexpected sticker shock. Between May 2022 and May 2023, home insurance prices rose an average of
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